Shares in British banks were broadly down on the FTSE 100 in morning trading, with the exception of Lloyds Banking Group.

On Friday afternoon the FTSE 100 was lifted by data from the US, which reported a two per cent rise in orders for core durable goods in August. However the index dipped slightly on Monday morning.

By 10:15 shares in RBS were down 0.44 per cent to 49.07 pence per share, Barclays shares dropped 0.43 per cent to 310.40 pence per share and HSBC shares declined 0.54 per cent to 662.70 pence per share.

Lloyds Banking Group shares however increased 0.59 per cent to 77.10 pence per share.

Overall the FTSE 100 was down 0.06 per cent to 5,594.82 pence per share.